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The US-based trading platform Webull has introduced crypto trading in Australia, providing access to as many as 240 digital assets through a new collaboration with Coinbase Prime.
Key Takeaways:
- Webull has initiated crypto trading in Australia through Coinbase Prime, granting access to 240 digital assets with a competitive 30bps spread.
- This initiative is anticipated to compel local exchanges to reduce fees in light of increasing competition.
- Webull’s integration with conventional account types and sophisticated trading tools positions it as a cost-effective alternative.
This launch represents the platform’s third crypto market globally, following the U.S. and Brazil, as stated in a press release on Wednesday.
The Australian launch features a 30-basis-point spread, which Webull asserts makes it one of the most affordable crypto trading options available in the country.
Webull Launch Triggers Fee Competition Among Australian Crypto Exchanges
Experts predict that this move will pressure local exchanges to lower their fees or risk losing market share in an already competitive landscape.
“Crypto trading is the next phase of our mission to provide Australians with the freedom to trade what they want, when they want,” remarked Rob Talevski, CEO of Webull Securities Australia, in a statement on Wednesday.
The offering is integrated across individual accounts, SMSFs, trusts, and corporate structures, incorporating crypto into traditional investment frameworks and enabling retail users to manage digital assets alongside equities and ETFs.
The platform also features advanced charting tools, over 40 technical indicators, and 24/7 customer support.
This launch follows Webull’s resumption of crypto trading in the U.S., which had been temporarily suspended during its 2023 public listing process.
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Crypto is officially here! Now you can trade crypto 24/7 with zero commissions and access to advanced tools. Start your journey with as little as $1.#Webull #Crypto #Finance #Investing #Trading #NowAvailable
Webull Financial LLC (member SIPC, FINRA) offers self-directed… pic.twitter.com/bSk79LLyTO— Webull (@WebullGlobal) August 26, 2025
CEO Anthony Denier characterized the return as part of the firm’s “full-throttle” global expansion into digital assets.
Webull’s Australian crypto service operates on Coinbase Prime’s infrastructure, providing institutional-grade custody, real-time market data, and trade execution. This move reinforces Coinbase’s ongoing efforts to expand its global B2B partnerships.
With additional international rollouts anticipated later this year, Webull is establishing itself as a cost-effective alternative to Australia’s established crypto exchanges, many of which have been criticized for high fees and limited service offerings.
ASIC Shuts Down 14,000 Scam Sites
Australia’s securities regulator ASIC has dismantled over 14,000 scam and phishing websites since July 2023, with crypto-related fraud constituting 20% of the removals.
The agency now targets 130 new malicious sites each week, including misleading social media advertisements and AI-driven schemes promising passive crypto income.
ASIC’s enforcement update from January to July 2025 highlights the evolution of scam tactics, including cloaking, fake celebrity endorsements, and “AI washing.”
The regulator has initiated 345 new investigations, imposed $57.5 million in civil penalties, and dissolved 95 companies linked to international pig butchering schemes, following $35.8 million in losses reported by victims across 14 countries.
Despite a decline in scam losses from the 2022 peak of $3.1 billion, Australians lost $945 million to investment scams in 2024, making it the most damaging fraud category in the country.
ASIC’s broader enforcement efforts have also targeted greenwashing, misconduct in superannuation funds, and unlicensed operators, including the prosecution of Mormarkets director Brendan Gunn for handling suspected scam proceeds.
The post Webull Launches Crypto Trading in Australia via Coinbase Prime appeared first on Cryptonews.
